The 2008 financial crisis prompted significant reforms in banking regulation, aimed at enhancing stability and consumer protection. Key measures included the Dodd-Frank Act, stress testing, and the establishment of the Consumer Financial Protection Bureau. As technology evolves, regulators adapt to new challenges while promoting a safer financial landscape.

Fintech companies are revolutionizing the traditional banking system in the USA, introducing innovative services like mobile banking and peer-to-peer lending. This shift fosters competition, enhances customer experiences, and promotes financial inclusion, compelling traditional banks to adapt and collaborate while addressing regulatory challenges and data security concerns.